Thanks Godot. Hard to keep positive. No other choice though not going to sell here. Hope we hear sonething soon.
I am not drawing a 500k salary and responsible for this precarious situation. Another 6 months is ok but what will change. Are we sure of a deal. Is it not very bad management to be risking everythingl like this and burning through company money on unwarranted salaries and sailing sponsorship
Hello there Godot. How are you keeping. TOR told us Barryroe would be one if the only deals of uts type done this year. If this is not the case surely this is misinformation on which we as investors have based decisions resulting in further losses. I understand that during negotiationsone has to be carefull with ones comments but this comment is likewise very dammaging if proved false. Have been 8 years waiting like all am hopig for a good result. However Iam not
Hello there JR. The annuals should be out at the end of next week. I hope we wont be fed more bullshit. Is The boards position sustainable. If they produce no deal we are left with a bankrupt company that will be forced to sell its assets to pay its debts. I do not understand how the big institutional investors allowed the BOD to carry on raiding the larder. If a good deal is produced before Christmas we will all be happy but in anycase we as shareholders have been treated badly and this BOD has been reckless to say the least. Madrid a nice place. Have been here many years now.
Hello there JR. Day off today in Madrid. Will give them a call in the morning again. Hard to know what is going on here. Providence will have to get accounts prepared and approved for 2015. Not sure if a loan overdraft facility qualifies in terms of future plans for 2015 which at the AGM we were told are contingent on Barryroe Farm out this year. Dont think auditors will be able to sign off on these plans under present circumstances. What is providence going to tell us at Christmas. "Sorry no Money no plan". Serious mess unless they already have a deal done on Barryroe. If no deal then it is understandable that the legality the BOd's behaviour with respect their own remuneration and and their behaviour with respect to small shareholders hasto be questioned
If no RNS i.e no deal this year is there not something immoral or perhaps illegal that BOD are paying themselves disgracefully high salaries given thst this company has no money and borrowing at 10 percent pa to finance day to day activities. This would maybe ok if a good deal on Barryroe had already been reached which included a substantial cash payment to Company. What are this BOD bring paid for. Share price has collapsed, money has run out and not one project up and running. This is starting to appear scandolous. At the same time Providence throws monry into BODs pockets and presents for sailing clubs. It is at the moment a disgrace unless we are shown otherwise.